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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: tejek who wrote (29421)7/17/2011 7:01:48 PM
From: The Reaper11 Recommendations  Read Replies (1) of 119362
 
This state is beyond the point of no return. The reality that you speak of has to be found in Sacramento. This state has been fiscally irresponsible since Willie Brown was Speaker. It has long been my own contention that the pols in Sacto have wanted to turn this state into nothing more than a tourist destination and a retirement community for the rich. They are accomplishing that goal as more business than ever is leaving. With their brilliant action to limit water supplies to the farms in the Central Valley they have assured that agriculture won't ever be what it once was in CA. Unfortunately the pols failed Econ 101 and seem to forget that without a tax base of manufacturing, agriculture, and basic industries, this state is a goner. You can't survive on increasing hotel taxes and soaking the tourists.
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